-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, PV+4jiFTeddfhmIA6nU5co9EmQll5C4Pj8xK20LzjXftawNplBGITIn23MlTMK82 3OvhF882PH53eBKoTY+NGw== 0000910680-01-000262.txt : 20010410 0000910680-01-000262.hdr.sgml : 20010410 ACCESSION NUMBER: 0000910680-01-000262 CONFORMED SUBMISSION TYPE: 10-K/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20001230 FILED AS OF DATE: 20010406 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FAY LESLIE CO INC CENTRAL INDEX KEY: 0000796226 STANDARD INDUSTRIAL CLASSIFICATION: WOMEN'S, MISSES', AND JUNIORS OUTERWEAR [2330] IRS NUMBER: 133197085 STATE OF INCORPORATION: DE FISCAL YEAR END: 0102 FILING VALUES: FORM TYPE: 10-K/A SEC ACT: SEC FILE NUMBER: 001-09196 FILM NUMBER: 1597297 BUSINESS ADDRESS: STREET 1: 1412 BROADWAY CITY: NEW YORK STATE: NY ZIP: 10018 BUSINESS PHONE: 2122214000 MAIL ADDRESS: STREET 1: 1412 BROADWAY STREET 2: 1 PASSAN DRIVE CITY: NEW YORK STATE: NY ZIP: 10018 FORMER COMPANY: FORMER CONFORMED NAME: FAY LESLIE COMPANIES INC DATE OF NAME CHANGE: 19920703 10-K/A 1 0001.txt AMENDMENT TO ANNUAL REPORT ON FORM 10-K ================================================================================ FORM 10-K/A SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 30, 2000 COMMISSION FILE NO. 1-9196 THE LESLIE FAY COMPANY, INC. DELAWARE 13-3197085 (STATE OR OTHER JURISDICTION OF (I.R.S. EMPLOYER INCORPORATION OR ORGANIZATION) IDENTIFICATION NO.) 1412 BROADWAY NEW YORK, NEW YORK 10018 (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE) REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (212) 221-4000 SECURITIES REGISTERED UNDER SECTION 12(B) OF THE ACT: None SECURITIES REGISTERED UNDER SECTION 12(G) OF THE ACT: Common Stock, .01 par value Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months and (2) has been subject to such filing requirements for the past 90 days. Yes X No ___ Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein and will not contained, to the best of registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. ____ The aggregate market value of the voting stock (based on the average bid and asked prices of such stock) held by non-affiliates of the registrant at March 23, 2001 was approximately $17,752,000. Indicate by check mark whether the registrant has filed all documents and reports required to filed by Section 12, 13, or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court. Yes __X__ No ____ There were 5,680,694 shares of Common Stock outstanding at March 23, 2001. DOCUMENTS INCORPORATED BY REFERENCE ----------------------------------- None ================================================================================ The purpose of this amendment is to correct the amounts reflected for (a) Total Assests as of December 30, 2000 in Item 6. Selected Financial Data and (b) Total Stockholders' Equity at December 31, 2000 in the Consolidated Statements of Stockholders' Equity. ITEM 6. SELECTED FINANCIAL DATA. - ------- ------------------------ The following selected financial data of the Company should be read in conjunction with the Consolidated Financial Statements and related Notes appearing elsewhere in this Form 10-K.
(In thousands, except per share data) Reorganized Company Predecessor Company ------------------- ------------------- For The Periods Ended - ----------------------------------------------------------------------------------------------------------------------------------- Pro Forma Fifty-Two Fifty-Two Fifty-Two Fifty-Three Thirty-One Twenty-Two Weeks Ended Weeks Ended Weeks Ended Weeks Ended Weeks Ended Weeks Ended December 30 January 1, January 2, January 3, January 3, Pro Forma June 4, 2000 2000 1999 1998 (a) 1998 (b) 1996(a) 1997 (c) 1996 ---- ---- ---- ---- ---- ---- ---- ---- (Audited) (Audited) (Audited) (Unaudited) (Audited) (Unaudited) (Audited) Net Sales $212,714 $197,446 $152,867 $132,160 $ 73,091 $110,053 $197,984 $429,676 Operating Income 4,000 14,439 13,020 11,782 4,322 4,079 14,355 17,965 Reorganization Costs -- -- -- -- -- -- 3,379 (d) 5,144 (d) Interest Expense and Financing Costs 2,958 2,258 950 1,113 336 2,298 1,372 3,932 (e) Tax Provision 4,147 2,654 3,212 2,684 677 130 451 (839)(f) Other Non-Recurring Items (10,800)(g) 911(h) -- -- -- -- 136,341 (i) -- Net Income $7,695 $8,316 $8,858 $7,985 $3,309 $1,651 $145,494 $9,728 Net Income per Share - Basic $1.47 $1.46 $1.35 $1.17(j) $0.49 (j) $0.24 (j) --(j) $0.52 (j) - Diluted $1.44 $1.39 $1.31 $1.16(j) $0.48 (j) $0.24 (j) --(j) $0.52 (j) As of As of As of As of As of As of 12/30/2000 01/01/2000 01/02/99 01/03/98 06/04/97 12/28/96 ---------- ---------- -------- -------- -------- -------- Total Assets $87,702 $69,000 $67,804 $61,051 $77,789 $237,661 Assets of Product Lines Held for Sale and -- -- -- -- -- 3,003 (j) Disposition Long-Term Debt (Including Capital Lease) 3,126 4,052 17 49 108 --
-15- THE LESLIE FAY COMPANY, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
(IN THOUSANDS) CAPITAL IN NOTES COMMON STOCK EXCESS OF RECEIVABLE RETAINED SHARES PAR VALUE PAR VALUE FROM STOCK SALE EARNINGS BALANCE AT JANUARY 3, 1998 6,800 $68 $25,837 $3,309 Net Income -- -- -- 8,858 New Stock Issuance 58 1 231 -- Treasury Stock Repurchase -- -- -- -- Use of Pre-Consummation Deferred Taxes -- -- 1,084 -- SFAS No. 123 - Stock Option Compensation -- -- 1,672 -- -------- ---------- --------- ----------- ------------------ BALANCE AT JANUARY 2,1999 6,858 $69 $28,824 $12,167 Net Income -- -- -- 8,316 New Stock Issuance 12 -- 82 -- Treasury Stock Repurchase -- -- -- -- Use of Pre-Consummation Deferred Taxes -- -- 997 -- SFAS No. 123 - Stock Option Compensation -- -- 1,309 -- -------- ---------- --------- ----------- ------------------ BALANCE AT JANUARY 1, 2000 6,870 $69 $31,212 $20,483 ======== ========== ========= =========== ========= ======== Net Income -- -- -- -- 7,695 New Stock Issuance 628 6 1,938 (1,853) -- Use of Pre-Consummation Deferred Taxes -- -- 4,367 -- -- SFAS No. 123 - Stock Option Compensation -- -- 934 -- -- -------- ---------- --------- ----------- ------------------ BALANCE AT DECEMBER 30, 2000 7,498 $75 $38,451 (1,853) $28,178 ======== ========== ========= =========== ========== ========
ACCUMULATED OTHER TOTAL TOTAL TREASURY STOCK COMPREHENSIVE STOCKHOLDERS' COMPREHENSIVE SHARES AMOUNT INCOME EQUITY INCOME ------------------------------------------------------------------ BALANCE AT JANUARY 3, 1998 -- $ -- $ -- $29,214 Net Income -- -- -- 8,858 $8,858 New Stock Issuance -- -- -- 232 Treasury Stock Repurchase 817 (4,623) -- (4,623) Use of Pre-Consummation Deferred Taxes -- -- -- 1,084 SFAS No. 123 - Stock Option Compensation -- -- -- 1,672 BALANCE AT JANUARY 2,1999 817 ($4,623) $ -- $36,437 Net Income -- -- -- 8,316 $8,316 New Stock Issuance -- -- -- 82 Treasury Stock Repurchase 1,000 (7,000) -- (7,000) Use of Pre-Consummation Deferred Taxes -- -- -- 997 SFAS No. 123 - Stock Option Compensation -- -- -- 1,309 BALANCE AT JANUARY 1, 2000 1,817 ($11,623 $ -- $40,141 ======================================================= Net Income -- -- -- 7,695 $7,695 = New Stock Issuance -- -- -- 91 Use of Pre-Consummation Deferred Taxes -- -- -- 4,367 SFAS No. 123 - Stock Option Compensation -- -- -- 934 BALANCE AT DECEMBER 30, 2000 -------------------- ----------- 1,817 ($11,623 $ -- $53,228 -
The accompanying Notes to Consolidated Financial Statements are an integral part of these consolidated financial statements. F-5 SIGNATURES Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Company has duly caused this amendment to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of New York, State of New York, on the 6th day of April, 2001. THE LESLIE FAY COMPANY, INC. By: /s/ Warren T. Wishart ------------------------------------- Warren T. Wishart Senior Vice President - Finance and Chief Financial Officer -----END PRIVACY-ENHANCED MESSAGE-----